Investors with a lot of money to spend have taken a bullish stance on Hewlett Packard HPE.
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HPE, it often means somebody knows something is about to happen.
So how do we know what these investors just did?
Today, Benzinga's options scanner spotted 13 uncommon options trades for Hewlett Packard.
This isn't normal.
The overall sentiment of these big-money traders is split between 69% bullish and 30%, bearish.
Out of all of the special options we uncovered, 4 are puts, for a total amount of $311,931, and 9 are calls, for a total amount of $715,136.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $18.0 to $23.0 for Hewlett Packard over the last 3 months.
Volume & Open Interest Development
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for Hewlett Packard's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Hewlett Packard's whale trades within a strike price range from $18.0 to $23.0 in the last 30 days.
Hewlett Packard Option Activity Analysis: Last 30 Days
Largest Options Trades Observed:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HPE | CALL | SWEEP | BEARISH | 09/20/24 | $1.1 | $1.0 | $1.02 | $23.00 | $206.4K | 5.3K | 213 |
| HPE | CALL | SWEEP | BEARISH | 09/20/24 | $1.45 | $1.35 | $1.4 | $22.00 | $177.3K | 3.1K | 192 |
| HPE | PUT | SWEEP | BULLISH | 01/17/25 | $2.05 | $1.9 | $1.9 | $20.00 | $142.5K | 4.8K | 131 |
| HPE | CALL | SWEEP | BEARISH | 06/20/25 | $5.1 | $4.8 | $4.9 | $18.00 | $112.7K | 1 | 0 |
| HPE | PUT | SWEEP | BULLISH | 07/19/24 | $1.0 | $0.9 | $1.0 | $21.00 | $68.0K | 3.8K | 377 |
About Hewlett Packard
Hewlett Packard Enterprise is an information technology vendor that provides hardware and software to enterprises. Its primary product lines are compute servers, storage arrays, and networking equipment; it also has a high-performance computing business. HPE's stated goal is to be a complete edge-to-cloud company, and its portfolio enables hybrid clouds and hyperconverged infrastructure. It uses a primarily outsourced manufacturing model and employs 60,000 people worldwide.
Present Market Standing of Hewlett Packard
- Trading volume stands at 15,319,971, with HPE's price down by -4.28%, positioned at $20.56.
- RSI indicators show the stock to be may be approaching overbought.
- Earnings announcement expected in 67 days.
What The Experts Say On Hewlett Packard
In the last month, 5 experts released ratings on this stock with an average target price of $21.6.
- An analyst from B of A Securities has decided to maintain their Neutral rating on Hewlett Packard, which currently sits at a price target of $22.
- An analyst from Evercore ISI Group persists with their In-Line rating on Hewlett Packard, maintaining a target price of $22.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Hewlett Packard, targeting a price of $21.
- An analyst from Argus Research upgraded its action to Buy with a price target of $26.
- Consistent in their evaluation, an analyst from UBS keeps a Neutral rating on Hewlett Packard with a target price of $17.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Hewlett Packard options trades with real-time alerts from Benzinga Pro.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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